Buying vs. Leasing at Land Rover
Advantages of Financing
Personalization & Privilege
By financing your new vehicle, personalization and the privilege of driving your vehicle as you choose are two huge advantages that are worth considering. Unlike a lease contract which contains restrictions, you’ll be able to customize your Land Rover vehicle exactly to your liking. Additionally, a finance contract will have zero limitations on the type of mileage you put on the vehicle.
Exclusive APRs
Part of the prestige that comes from financing your vehicle is the fact that, as a qualified individual, you may be able to take advantage of exceptional finance ratings including low APRs not available to the general public. Better still, these outstanding incentives eliminate the need to tie up your valuable capital by paying cash for the entire purchase price, creating a more financially advantageous situation.
Attractive Monthly Payments
If your goal is to find the lowest monthly payment possible, financing provides you with plenty of flexibility to accomplish it. Financing allows you to tailor your loan with terms lengths including 24 to 48, 60, 72, or even 84-month options. You can use our convenient online payment calculator tool to compare your options and adjust to suit your personal preferences.
Ownership Equity
At the conclusion of a lease contract, you’ll hand over the keys to the vehicle and walk away with zero ownership equity. By financing instead, you’ll build equity over the course of the loan and become the owner of the vehicle following your final payment submission. Whether you intend to drive it payment-free for years to come or you plan to leverage this equity towards another purchase, financing allows you to call the shots.
Advantages of Leasing
Freedom & Flexibility
Your active lifestyle can lead to plenty of uncertainty and unpredictability. Dealing with a long-term loan or having your capital tied up in a vehicle can make it frustrating when your plans suddenly change. By leasing, you’ll never have to worry about finding yourself in this dilemma. Leases can be tailored to short-term lengths, making it simple and seamless to pivot to a different model or reevaluate your needs in the near future. Major job changes, a new member of the family, or a cross-country move are no longer things to fear when you lease.
Minimal Maintenance Expenses
Nobody likes shelling out their hard-earned money on expensive repairs or major services for their vehicle. In the vast majority of instances, your leased vehicle will remain under factory warranty during the entire duration of the lease contract. This means that aside from small things like oil changes and tire rotations, you won’t have to anticipate paying hundreds or even thousands of dollars extra for upkeep.
Zero Depreciation Impact
Vehicle depreciation is an unpleasant reality faced by most vehicle owners. Since a lease contract essentially involves paying only for the percentage or portion of the vehicle’s usable lifespan that you’re actually using, there’s no need to fear the negative consequences of depreciation. Once your lease ends, you’ll simply return your vehicle and choose your next ride. No need to haggle over used car values or negotiate a better trade-in price.
Affordability
Instead of tying up valuable capital and resources into a new vehicle, think of leasing as a more attractive option for your financial goals. As we mentioned previously, consider the fact that a lease essentially involves paying for a percentage of a new vehicle’s given lifespan. No depreciation concerns, lower monthly payments, and the freedom to pivot if your driving needs change make leasing an outstanding option.
Finance or Lease – The Decision is Yours
After discussing the advantages of both leasing and financing, the choice is all yours! Our team of finance experts at Land Rover South Hills is standing by to provide you with additional assistance if you need some help. We’re here to help you consider both options and make the decision that’s right for your specific situation. We maintain close relationships with specialized lenders who can tailor a loan or lease that’s perfect for your preferences. We look forward to seeing you!